huangthomas

China Is Looking Fragile

Yes, I think they are. They are political animals. Anything they say or do are always based on political consideration. If you take the export figures from Japan, Korea, and Taiwan to China. you can see the contraction is so severe (in the range of 20 to 40%), you don't want to believe what Chinese are saying. Exports from those three countries are components for Chinese to assemble (with cheap labor) and re-exported to the rest of the world. When some red guards type Chinese calling you 'non-sense", you know you just hit their tender spots.